CBA Apple Pay is now available for business card holders to provide them with seamless banking services.
The extension of Apple Pay to include business cards gives more CBA business customers access to a simple and secure way to pay.
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Furthermore, since the introduction of Apple Pay, CBA has seen an increase in mobile payments use by 400%.
In January 2019, CBA became the second of Australia’s Big Four banks to offer the payment service keeping true to its promise in December 2018.
Globally, the financial sector is becoming more reliant and on technology. Using digital wallets like Apple Pay offers a quick and also efficient way to pay. For business owners it will enable them to save time on certain cumbersome financial tasks.
Executive General Manager of Business Customer Solutions, Clive van Horen, said: “Following the commitment we made to Commonwealth Bank customers in January, I’m excited to announce that Apple Pay is also available to business card holders from today.
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By GlobalData“We are extending Apple Pay to business customers because they asked for it, and it’s part of our commitment to listen to our customers, put their needs first and take action to become a simpler, better bank. Delivering simple, intuitive digital payment solutions that provide choice and convenience, will continue to be a key focus for us in 2019.”
CBA Apple Pay drives digital wallet growth
At the beginning of April 2019, CBA reported that since Apple Pay launched, consumers making transactions through digital wallets almost tripled.
In addition, the data revealed that over 90% of purchases use contactless technology.
The global trend of ‘Tap & Go’ is rapidly increasing with consumers turning to the convenience of contactless and digital wallets.
Australia has some of the highest volumes of contactless payments globally. Following London’s success of cashless travel, Mastercard and CBA rolled out contactless payments across the whole of Sydney’s transport network.
